Looks like the Kansas City Royals who are in midst of a rebuild will be selling their team for what could be 1 billion dollars. According to reports David Glass who is The Royals owner could sell the team to Cleveland Indians minority owner John Sherman.
Kansas City Royals owner David Glass is selling the team to Cleveland Indians minority owner, John Sherman, for more than $1 Billion.
— Sports ON Tap (@SONTHighlights) August 27, 2019
What’s awesome here is that in 2000 glass purchased The Royals for $96 million dollars in 2000 and in less than 20 years he more than 10xed his investment. That’s insane! We’ll see if the same goes through but it’s hard to do 10x any investment and we can’t think of a better time to sell.